Hedera (HBAR) has seen its market value drop from almost $7bn to $1.5bn in the recent crypto market crash. Despite the move downwards in price the project has interest from some of the biggest companies in the world. HBAR is looking to provide a more reliable smart contracts blockchain with faster speeds and predictable gas fees. That could see its price recover in the next few months. Chronoly is bringing luxury watch investments to the blockchain with NFTs minted for rare timepieces. The CRNO token shrugged off the recent bear market woes with a 500% gain over the last few weeks.
Hedera (HBAR) Links Up with Dropper for NFTs
Chronoly (CRNO) Can Outperform HBAR
Chronoly (CRNO) could eventually surpass the HBAR project due to its NFT and metaverse plans. Chronoly will mint NFTs for each watch that it holds in one if its secure vaults around the world and investors can buy them on a decentralised trading platform. Trading in NFTs will speed up the market for watch investing and provide greater liquidity. The watch market is also more stable than traditional art NFTs and will provide a good foundation for development. Investors will be able to buy fractions of the timepiece, which will lower the barrier to entry for new buyers where investors can invest from as little as $10.
The big growth could come later when the project realises its metaverse ambitions. The virtual reality worlds are attracting fashion brands alongside other retailers that want to sell digital products. Chronoly is likely to attract the world’s top watchmakers who will want to sell their limited-edition watches and they could collaborate for NFT drops. Investors can earn a passive income while they wait for the project to mature by staking the CRNO token and there is also a lending protocol to provide collateral. All this has led to analysts expecting a 4,000 to 5,000% rise once the token officially releases on the 27th of September on Uniswap.
More information on Chronoly Presale here
Website: https://chronoly.io/
Presale: https://presale.chronoly.io/register
Telegram: https://t.me/Chronolyio
Twitter: https://twitter.com/Chronolyio
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Source: https://cryptodaily.co.uk/2022/07/heres-why-chronoly-crno-will-surpass-hedera-hbar-in-market-cap